ASAX Co (TSE:8772) Debt-to-Asset : 0.55 (As of Dec. 2023)

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What is ASAX Co Debt-to-Asset?

ASAX Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円16,224 Mil. ASAX Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円41,582 Mil. ASAX Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was 円105,388 Mil. ASAX Co's debt to asset for the quarter that ended in Dec. 2023 was 0.55.

ASAX Co Debt-to-Asset Historical Data

The historical data trend for ASAX Co's Debt-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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ASAX Co Debt-to-Asset Chart

ASAX Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Asset

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0.48

0.47

0.48

0.54

ASAX Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.52	0.54	0.55	0.55	0.55

Competitive Comparison of ASAX Co's Debt-to-Asset

For the Mortgage Finance subindustry, ASAX Co's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ASAX Co's Debt-to-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, ASAX Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where ASAX Co's Debt-to-Asset falls into.

ASAX Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

ASAX Co's Debt-to-Asset for the fiscal year that ended in Mar. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(14416.364	+	40664.192)	/	101192.706
	=	0.54

ASAX Co's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(16223.624	+	41582.075)	/	105388.492
	=	0.55

ASAX Co (TSE:8772) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

ASAX Co Debt-to-Asset Related Terms

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ASAX Co (TSE:8772) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ASAX Co Ltd (TSE:8772) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-3-14 Hiroo, Shibuya-ku, JPN

Website

http://www.asax.co.jp

ASAX Co Ltd is a Japan-based comp any engages in the provision of real estate secured loans. It provides various types of secured/unsecured loan such as business, consumer and mortgage.

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